Provided by NWMLS, Listed by CENTURY 21 Real Estate Center

Active

263 20th Avenue

Longview WA, 98632

$1,050,000


$228.26 per sqft

Active

4,600 sqft

Multi-family

Built in 2023

Incredible turnkey multifamily investment! Professionally managed, newly-built townhouse-style rental units are a passive investor's dream. Built in 2023 these 4 units, all boasting 3 bedrooms and 1.5 bathrooms 2-story & under builder's warranty in 2024. Fire sprinklers! Offers a remarkable 6.0% Cap Rate on Year 1 stabilized, 11.67 GRM. 100% occupancy w/ tenant wait list. Mostly market rate tenants but also Section 8 approved, for consistent income. Option for 1-3 more fourplex under devt, if larger portfolio is desired. Offering is for portfolio of 4 fourplexes but open to offers for individual 4plex(es). Addresses: 285 22nd Ave, 263 20th Ave, 259 20th Ave, 257 20th Ave. All separate parcels.

2301932

MLS ID

October 15, 2024

Listed

November 22, 2024

Updated

Map

263 20th Avenue
Longview WA, 98632

Interior Features

Total Stories

2


Interior Features

Ceramic Tile, Wall to Wall Carpet


Floor Description

Ceramic Tile, Carpet


Fireplace

No


Cooling

No


Cooling Description

None


Heating

Yes


Heating Description

Wall Unit(s)

Exterior/Building Features

Lot Size

0.11 Acres


Exterior Features

Wood Products


Lot Features

Adjacent to Public Land, Alley, Dead End Street, Open Space, Paved, Sidewalk


Roof

Composition


Sewer

Available, Sewer Connected

School Information

School District

Longview


High School

R A Long High


Elementary School

Kessler Elem

Other Property Details

Area Name

402 - Highlands


Taxes

$199


Tax Frequency

Annually


Garage

No


Parking Total

4


View

No


County

Cowlitz


Water Source

Public


Pool

No

The IDX display presents information sourced from the Northwest Multiple Listing Service as of 12/23/2024. The data is intended for personal, non-commercial use and should not be used for any other purpose except to identify potential properties for purchase. While the MLS data displayed is generally deemed reliable, it is NOT guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. The property locations displayed on any map are merely best approximations and exact locations should be independently verified. Based on information submitted to the MLS GRID as of 12/23/2024 at 1:00 PM UTC . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

©2024 Northwest Multiple Listing Service all rights reserved.

Data last updated on 12/23/2024 at 1:00 PM UTC 

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